Market Stats Booklet January 2018 Market Stats | Page 8

Local Market Update – December 2017
LOCAL MARKET UPDATE
December 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of January 14, 2018
CBHomes.com
Lake Bluff
- 10.0% - 42.9% - 12.0%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
December
Detached Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
12-2016 12-2017 + / – 12-2016 12-2017 + / –
8 8 0.0% 253 235 - 7.1%
3 3 0.0% 136 130 - 4.4%
13 7 - 46.2% 137 132 - 3.6%
$460,000 $400,000 - 13.0% $546,000 $581,075 + 6.4%
$519,670 $437,943 - 15.7% $685,829 $631,164 - 8.0%
86.1% 92.8% + 7.8% 91.4% 92.4% + 1.1%
143 82 - 42.7% 122 124 + 1.6%
63 54 - 14.3% -- -- --
December
Attached Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
12-2016 12-2017 + / – 12-2016 12-2017 + / –
2 1 - 50.0% 70 66 - 5.7%
2 2 0.0% 47 44 - 6.4%
1 1 0.0% 46 43 - 6.5%
$82,000 $207,500 + 153.0% $188,500 $215,000 + 14.1%
$82,000 $207,500 + 153.0% $223,627 $236,120 + 5.6%
71.4% 92.2% + 29.1% 91.5% 93.3% + 2.0%
180 35 - 80.6% 98 56 - 42.9%
12 12 0.0% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Change in Median Sales Price from Prior Year (6-Month Average)**
Detached Single-Family
All MLS
Lake Bluff
b
Attached Single-Family
All MLS
Lake Bluff
a
b
a
+ 200%
+ 80%
+ 60%
+ 150%
+ 40%
+ 100%
+ 20%
+ 50%
0%
0%
- 20%
- 50%
- 40%
- 60%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 100%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.
This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
All data from Midwest Real Estate Data LLC. Report © 2018 ShowingTime.